AMP Einvest Conservative Fund

Not Mindful

Type: Conservative fund

Past Returns: 2.11%

Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.

Annual Fees: 1.16%

Annual fees, including any membership and % management fee.

The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.

Fossil Fuel

Agl Energy Ltd 0.02%
Aker BP Asa - 15/01/2030 0.01%
Alliant Energy Corp 0.05%
Apt Pipelines Ltd - 22/03/2030 0.02%
BHP Group Ltd 0.12%
BP Capital Markets America Inc - 04/05/2026 0.01%
BP Capital Markets PLC - 03/07/2026 0.02%
BP PLC 0.01%
Cheniere Energy Inc 0.01%
Chevron Corp 0.02%
Chugoku Electric Power Co Inc/ 0.01%
Cms Energy Corp 0.03%
Concho Resources Inc - 15/08/2048 0.01%
Diamondback Energy Inc - 01/12/2026 0.01%
Dominion Energy Inc 0.03%
Dte Energy Co 0.02%
Enbridge Inc 0.13%
Evergy Inc 0.04%
Exxon Mobil Corp 0.02%
Firstenergy Corp 0.03%
Gibson Energy Inc 0.04%
Kinder Morgan Inc/De 0.08%
Koninklijke Vopak Nv 0.01%
Nextera Energy Inc 0.14%
OMV AG 0.01%
Origin Energy Ltd 0.02%
Pembina Pipeline Corp 0.01%
Plains Gp Holdings Lp 0.02%
Royal Dutch Shell PLC-B Shs 0.01%
Santos Finance Ltd - 14/09/2027 0.02%
South32 Ltd 0.04%
Total SA 0.02%
Wec Energy Group Inc 0.03%
Williams Cos Inc/The 0.08%
Woodside Petroleum Ltd 0.01%
Xcel Energy Inc 0.04%

Weapons

Tobacco

British American Tobacco 0.08%

Gambling

Skycity Entertainment Group Lt-Nzx 0.04%

Alcohol

Carlsberg A/S 0.01%
Diageo PLC 0.01%
LVMH Moet Hennessy Louis Vuitt 0.02%

Palm Oil

GMOs

Bayer AG 0.01%
Novartis AG 0.07%

Human Rights & Environmental Violations

BHP Group Ltd 0.12%
Chevron Corp 0.02%
Duke Energy Corp 0.06%
Johnson & Johnson 0.08%
Nestle SA 0.07%
Rio Tinto Ltd 0.06%
Rio Tinto PLC 0.02%
Royal Dutch Shell PLC-B Shs 0.01%
Sempra Energy 0.08%
Sempra Energy - 01/02/2023 0.02%

Animal Testing

Air Products & Chemicals Inc 0.020%
Bayer AG 0.010%
Bayer US Finance Ii Llc - 15/12/2028 0.020%
British American Tobacco 0.080%
Chevron Corp 0.020%
Coca-Cola Co/The 0.020%
Coca-Cola Femsa Sab De Cv - 22/01/2030 0.020%
Colgate-Palmolive Co 0.020%
Danone SA 0.010%
Estee Lauder Cos Inc/The 0.010%
Glaxosmithkline PLC 0.020%
Johnson & Johnson 0.080%
Kimberly-Clark Corp 0.020%
LVMH Moet Hennessy Louis Vuitt 0.020%
Nestle SA 0.070%
Pepsico Inc 0.040%
Procter & Gamble Co/The 0.090%
Reckitt Benckiser Group PLC 0.010%
Royal Dutch Shell PLC-B Shs 0.010%
Unilever Nv 0.010%
Unilever PLC 0.010%
Walgreens Boots Alliance Inc 0.010%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue March 31st 2020 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund and research organisations.

Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

Year	Market Average	Fund Annual Return
2020	-0.18%	-0.56%
2019	4.54%	4.24%
2018	3.22%	2.66%
2017	3.53%	3.41%
2016	2.92%	1.37%
2015	8.63%	6.19%

The market average is the average return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each fund has filed with Disclose register to Tue June 30th 2020.

Showing the top 10 investments for this fund:

Call Account (Rabobank Advance Account NZD)
New Zealand Cash and Equivalents A

2.04%
New Zealand Government Bond Maturing 20 Apr 29
New Zealand NZ Fixed Interest AA+

1.85%
New Zealand Government Bond Maturing 15 Apr 27
New Zealand NZ Fixed Interest AA+

1.74%
New Zealand Government Bond Maturing 15 Apr 37
New Zealand NZ Fixed Interest AA+

1.59%
New Zealand Government Bond Maturing 14 Apr 33
New Zealand NZ Fixed Interest AA+

1.31%
ANZ Bank New Zealand Ltd Bond Maturing 21 Jul 20
New Zealand NZ Fixed Interest A

1.22%
ANZ Bank New Zealand Ltd Bond Maturing 21 Aug 20
New Zealand NZ Fixed Interest A

1.22%
New Zealand Government Bond Maturing 15 May 31
New Zealand NZ Fixed Interest AA+

1.1%
Orbis Global Equity Le Fund
Australia International Equities

1.1%
New Zealand Government Bond Maturing 15 May 24
New Zealand NZ Fixed Interest AA+

1.08%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Tue June 30th 2020.

How the money in this fund is invested against the fund's targets.

Target

Actual

Type	Target	Actual
Cash and Cash Equivalents	23.0%	27.32%
New Zealand Fixed Interest	25.0%	25.28%
International Fixed Interest	28.0%	23.58%
Australasian Equities	6.0%	5.88%
International Equities	14.25%	14.67%
Listed Properties	2.5%	2.19%
Unlisted Properties	0.0%	0.0%
Other	0.63%	0.51%
Commodities	0.63%	0.01%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Tue June 30th 2020.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

Issue of concern

Does this fund say it excludes this?

Actual holdings
Adult Entertainment/Pornography:

0.00%
Alcohol:

0.13%
Animal Testing:

0.89%
Fossil Fuels:

1.70%
Gambling:

0.09%
GMOs:

0.14%
Human Rights & Environmental Violations:

0.66%
Palm Oil:

0.01%
Tobacco:

0.08%
Weapons:

0.03%

Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

Note that many funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons.

In their own words

"The fund has a well-diversified portfolio that primarily invests in lower-risk income assets with a conservative allocation to growth assets. The fund aims to achieve modest to medium returns in exchange there may be small movements up and down in the value of your investments."

Value	$10M NZD
Period of data report	Tue June 30th 2020
Members	Not provided
Fund started	Wed Nov. 6th 2013
Total annual fund fees	1.16%
Total performance based fees	0.0%
Manager's basic fee	0.81%
Administration charges	0.35%
Total other charges	0.0
Total other charges currency	NZD

Key Personnel

Timothy Pritchard	Currently: Investment Committee Member (1 years, 3 months) Previously: General Counsel AMP Wealth Management New Zealand (2 years, 1 months)
Jeffery Darren Ruscoe	Currently: Investment Committee Member (1 years, 3 months) Previously: Chief Client Officer AMP Wealth Management New Zealand (1 years, 3 months)
Blair Robert Vernon	Currently: Investment Committee Member (9 years, 0 months) Previously: Chief Executive AMP Wealth Management New Zealand (1 years, 6 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Tue June 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Portfolio holdings v